At its Annual General Meeting Scottish Radio Holdings (SRH) today told shareholders that trading for the first three months of the financial year (October to December) showed revenues up 16%, mainly from acquisitions made the previous year. In existing business, however, revenues were flat after a particularly disappointing December when advertising demand turned out to be weaker than anticipated. January revenues across the group are expected to show a 6% like for like rise, according to chairman Lord Gordon of Strathblane.
By 1:00pm this afternoon SRH stock had fallen slightly by 10p to 1,725p.